There will be no ℱreturn to Bernie Ecclestone’s “divide and conquer” tactic to finalise the next Concorde Agreement, the Liberty Media CEO vo♎ws.

Talks are underway﷽ to write up a new Concorde Agreement - a crucial document that provides rules for F1 on and off track - for 2026 until 2030.

Historically negotiations for this agree𝐆ment are difficult, with F1 teams and the sport itself jostling over huge sums of money.

Chase Carey, the chairman of th🍷e Formula One Group, said in 2017 about his predecessor:  “Be꧂rnie's style was divide and conquer - to keep everything very close - but we want it to be a spirit of partnership in that we compete on the track.

"The teams, t🥃he promoters, Formula One and the FIA all have a shared vision of where we want the sport to go and building it in a way that is healthy for everybody."

Greg Maffei, the Liberty Media CEO, was quoted🅷 by Motorsport in Monaco last weekend:&ꩲnbsp;“The prior regime really did put a lot of time in having the teams compete against each other.

“In many c🦩ases, they enjoyed just getting an edge on each other, rather than thinking about how to grow the sport.

“We've tried to take really a page out of, I'd say in some ways, the NFL in the United States: compete hard on Sunday, but on Monday lꦆeague first.

“We really want to grow the sport together.

“The teams have embraced that, and profited from that, because they've no𓆉t only seen the growth in F1 revenues and their ♈share of the profits in their own sponsorship, but we’ve also seen growth in the value of teams.”

Mercedes’ Toto Wolff has sai♕d about the early talks over the 2026 Concorde Agreement: “I think we got the basic terms on how Formula One sees the next five-year term playing out.

“There’s some goodness in there.”

Red Bull’s Christian Horner said: “It will be the usu🌃al discussion of the teams wanting mor🦩e and the promoter wanting more, but what we have works relatively well.

“I think the basics of it are all relatively sound. I think as the sport continues to evolve and grow, there are areas that we can tune the agr🔴eement in.

“But I think the f💫undamental basis of it is going to be tuning rather than revolutiಌon.”